The document summarizes Celanese's 2Q 2008 earnings conference call. It includes an agenda with the Chairman and CEO and SVP and CFO scheduled to speak. It also provides forward-looking statements, non-GAAP reconciliations, and describes results as unaudited. Key highlights are record net sales for the quarter driven by higher pricing and volumes in Asia, though operating profit and EPS declined from significantly higher raw material costs. The company also reaffirms its path to achieving operating EBITDA growth objectives by 2010 through volume growth in advanced materials and further acetate tow penetration.
Celanese will hold a conference call on April 22, 2008 at 10:00 am ET to discuss its first quarter 2008 earnings. The call will feature Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides forward-looking statements and non-GAAP financial measures to supplement GAAP reporting. It summarizes Celanese's financial highlights for Q1 2008, including revenue increases across most business segments and higher adjusted EPS compared to Q1 2007. Celanese affirms its 2008 guidance for adjusted EPS and operating EBITDA.
The document summarizes Celanese Corporation's 3Q 2008 earnings conference call and webcast scheduled for October 21, 2008. It includes an agenda with the Chairman and CEO and SVP and CFO slated to speak. The document also provides forward-looking statements, non-GAAP reconciliations, and highlights of Celanese's 3Q 2008 financial results including net sales, operating profit, adjusted EPS, and operating EBITDA by business segment. Celanese's affiliates continued to deliver value through dividends in 3Q 2008.
The document summarizes Celanese's 4Q 2008 earnings conference call. It discusses Celanese's 4Q 2008 financial results including a net loss of $152 million compared to an operating profit in 4Q 2007, and an adjusted EPS of ($0.38) compared to $2.77 in 4Q 2007. It also provides highlights for each of Celanese's business segments and discusses the outlook for 2009 including expected continued volume declines.
Celanese will hold a conference call on February 6, 2007 at 10:00 am CT to discuss its 4th quarter 2006 earnings. The call will feature presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. The document provides an overview of Celanese's 4th quarter and full year 2006 financial highlights including net sales, operating profit, adjusted EPS, operating EBITDA, and free cash flow. It also outlines Celanese's objectives to grow operating EBITDA to $300-350 million by 2010 through business revitalization, innovation, organic growth in Asia, and a focus on operational excellence.
The document summarizes Celanese Corporation's 1Q 2009 earnings conference call. It provides an overview of the participants in the call and includes forward-looking statements and information on non-GAAP measures. The financial highlights show a year-over-year decline in net sales, operating profit, and adjusted EPS due to lower volumes and pricing pressure. Segment results are also down across most businesses compared to prior year. However, the company maintained a strong cash position and generated positive adjusted free cash flow for the quarter.
The document summarizes an upcoming earnings call for Celanese Corporation for the fourth quarter and full year of 2007. It lists Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO, as speakers on the call. The document also provides key financial highlights including year-over-year increases in 4Q 2007 net sales, operating profit, adjusted EPS, and operating EBITDA compared to 4Q 2006, as well as increases in full year 2007 net sales and operating EBITDA compared to full year 2006.
The document summarizes Celanese Corporation's third quarter 2007 earnings conference call that was scheduled for October 23, 2007 at 10:00 am ET. It would be led by Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides an overview of Celanese's business segments and key financial highlights for the third quarter of 2007, including adjusted EPS of $0.73, a 7% increase in net sales, and operating EBITDA of $302 million. It also reviews the company's outlook and growth strategies for 2007.
Celanese will hold a conference call on October 31, 2006 to discuss its third quarter 2006 earnings. The call will include presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. They will discuss Celanese's financial results for the third quarter, business segment highlights, capitalization, guidance for full year 2006, and reconciliation of certain non-GAAP financial measures used by management.
Celanese will hold a conference call on April 22, 2008 at 10:00 am ET to discuss its first quarter 2008 earnings. The call will feature Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides forward-looking statements and non-GAAP financial measures to supplement GAAP reporting. It summarizes Celanese's financial highlights for Q1 2008, including revenue increases across most business segments and higher adjusted EPS compared to Q1 2007. Celanese affirms its 2008 guidance for adjusted EPS and operating EBITDA.
The document summarizes Celanese Corporation's 3Q 2008 earnings conference call and webcast scheduled for October 21, 2008. It includes an agenda with the Chairman and CEO and SVP and CFO slated to speak. The document also provides forward-looking statements, non-GAAP reconciliations, and highlights of Celanese's 3Q 2008 financial results including net sales, operating profit, adjusted EPS, and operating EBITDA by business segment. Celanese's affiliates continued to deliver value through dividends in 3Q 2008.
The document summarizes Celanese's 4Q 2008 earnings conference call. It discusses Celanese's 4Q 2008 financial results including a net loss of $152 million compared to an operating profit in 4Q 2007, and an adjusted EPS of ($0.38) compared to $2.77 in 4Q 2007. It also provides highlights for each of Celanese's business segments and discusses the outlook for 2009 including expected continued volume declines.
Celanese will hold a conference call on February 6, 2007 at 10:00 am CT to discuss its 4th quarter 2006 earnings. The call will feature presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. The document provides an overview of Celanese's 4th quarter and full year 2006 financial highlights including net sales, operating profit, adjusted EPS, operating EBITDA, and free cash flow. It also outlines Celanese's objectives to grow operating EBITDA to $300-350 million by 2010 through business revitalization, innovation, organic growth in Asia, and a focus on operational excellence.
The document summarizes Celanese Corporation's 1Q 2009 earnings conference call. It provides an overview of the participants in the call and includes forward-looking statements and information on non-GAAP measures. The financial highlights show a year-over-year decline in net sales, operating profit, and adjusted EPS due to lower volumes and pricing pressure. Segment results are also down across most businesses compared to prior year. However, the company maintained a strong cash position and generated positive adjusted free cash flow for the quarter.
The document summarizes an upcoming earnings call for Celanese Corporation for the fourth quarter and full year of 2007. It lists Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO, as speakers on the call. The document also provides key financial highlights including year-over-year increases in 4Q 2007 net sales, operating profit, adjusted EPS, and operating EBITDA compared to 4Q 2006, as well as increases in full year 2007 net sales and operating EBITDA compared to full year 2006.
The document summarizes Celanese Corporation's third quarter 2007 earnings conference call that was scheduled for October 23, 2007 at 10:00 am ET. It would be led by Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides an overview of Celanese's business segments and key financial highlights for the third quarter of 2007, including adjusted EPS of $0.73, a 7% increase in net sales, and operating EBITDA of $302 million. It also reviews the company's outlook and growth strategies for 2007.
Celanese will hold a conference call on October 31, 2006 to discuss its third quarter 2006 earnings. The call will include presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. They will discuss Celanese's financial results for the third quarter, business segment highlights, capitalization, guidance for full year 2006, and reconciliation of certain non-GAAP financial measures used by management.
This document provides details on Celanese Corporation's second quarter 2007 earnings conference call, including details on the call participants, forward-looking statements, and reconciliation of non-GAAP measures. It also summarizes key financial highlights and performance details for Celanese's business segments, including increased sales and operating EBITDA compared to the prior year. Equity investments also continued to deliver increased income and cash flow.
This document discusses Celanese Corporation's performance in 2008 and strategies going forward. It contains the following key points:
1. Celanese reported strong financial results for the third quarter and year-to-date 2008, despite challenging market conditions.
2. The company has executed a strategy focused on specialty businesses and divesting non-core assets to create a more resilient portfolio.
3. Going forward, Celanese aims to accelerate growth in specialty businesses like Consumer Specialties and leverage its integrated operations and global positions.
CNO Financial Group reported solid financial and operating results for the fourth quarter of 2011. Their businesses continued to perform well with earnings growth throughout 2011. Sales in the quarter grew 6% over the same period in 2010. The company's financial strength and credit profile also continued to improve, with statutory capital and risk-based capital increasing over 2011. CNO Financial will continue focusing on profitable organic growth by investing in agent recruiting, footprint expansion, and field management development.
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
This document provides a summary of AES Corporation's financial results for the second quarter of 2008. Some key highlights include:
- Increased full year adjusted EPS guidance to $1.16 per share.
- Reported Q2 2008 adjusted EPS of $0.17, including foreign currency losses.
- Began construction on four new power projects totaling 954 MW in three countries.
- Expanded wind platform in China and registered the company's first greenfield methane recovery project in Malaysia.
First Quarter 2012 Investor PresentationCNOServices
CNO Financial Group reported financial and operating results for 1Q12. Earnings continued with operating EPS of $0.15, up from $0.11 in 1Q11. Financial strength improved with the RBC ratio increasing to 360% from 341% in 1Q11. Sales grew 12% over 1Q11 across all three core segments. The outlook remains positive with continued investment in growth across all business segments.
air products & chemicals fy 08 q2 earningsfinance26
- Air Products reported a 40% increase in quarterly EPS to $1.43 per share and a 38% increase in net income to $314 million for its fiscal second quarter.
- Revenues increased 13% to $2.6 billion due to higher volumes in Tonnage Gases and Electronics and Performance Materials as well as higher pricing in Merchant Gases.
- Based on strong first half performance, Air Products raised its full year EPS guidance to a range of $4.95 to $5.05 per share, representing 18-20% annual growth.
GE reported preliminary unaudited results for its 2008 fourth quarter. Revenues were $183 billion, in line with expectations. Continuing earnings per share were $1.78, also meeting expectations. Industrial cash flow from operating activities was $16.7 billion, slightly higher than expected. The results demonstrate that GE executed on its plan and prepared for a difficult 2009. GE is focused on intensifying management processes, increasing cash focus, repositioning its Financial Services business, and lowering costs through $1.5 billion in restructuring and other charges.
Celanese held an Investor Day on December 13, 2006 in New York City. Celanese is a leading global chemical company with estimated 2006 revenue of $6.7 billion and operating EBITDA of $1.2 billion. Between 2000-2006, Celanese focused on strengthening its portfolio by investing in specialty businesses and divesting non-core assets. Celanese aims to continue growing earnings between 2007-2010 by expanding in Asia, growing downstream specialties, and organizational alignment to address growth opportunities.
Principal Financial Group is a 136-year-old Fortune 500 company that provides retirement and investment services, asset management, and insurance solutions. It has $516 billion in assets under management from its divisions, which include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. The company uses non-GAAP measures to evaluate performance alongside GAAP, and provides reconciliations between the two. It operates globally and has over 20 million customers.
cardinal health Q1 2007 Earnings Presentationfinance2
This document summarizes Cardinal Health's first quarter earnings for fiscal year 2007. It provides an overview of Cardinal Health's consolidated and segment financial results for the quarter, including revenue, operating earnings, earnings per share, and other key metrics. It notes growth over the prior year quarter for most measures. The document also outlines Cardinal Health's key value drivers and financial targets for fiscal year 2007, including targets for revenue growth, earnings per share, return on equity, and cash returned to shareholders.
Masonite reported strong third quarter 2015 financial results, with net sales increasing 5.4% and adjusted EBITDA growing 42%. The company has demonstrated six consecutive quarters of adjusted EBITDA growth through strategic focus on pricing, portfolio optimization, and sales and marketing excellence. Recent acquisitions in Europe have transformed Masonite's European business toward customized door solutions and specialized sectors.
Time Warner provided forward-looking statements about future financial performance that are based on current expectations and subject to uncertainty. Actual results may differ materially from projections. More details on risk factors are in SEC filings. Non-GAAP measures are used to discuss historical performance and future expectations, and reconciliations to GAAP measures are available on the company's website. In Q1 2009, revenues declined 7% to $6.9 billion while adjusted EPS declined 6% to $0.45, and free cash flow declined 12% to $1.3 billion. Networks and Filmed Entertainment saw revenue declines while adjusting operating income increased for Networks and declined for Filmed Entertainment.
cardinal health Q3 2007 Earnings Presentationfinance2
This document contains Cardinal Health's third quarter earnings report for fiscal year 2007. It provides an overview of the company's financial results including an 8% increase in revenue and a 10% increase in non-GAAP earnings per share. The report also discusses performance by business segment and outlines the company's financial targets for the full fiscal year, projecting earnings per share between $3.25-$3.40. Key priorities highlighted include driving top-line growth, improving efficiency, and returning capital to shareholders.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
El documento describe la arquitectura egipcia antigua, incluyendo elementos como las mastabas, pirámides y templos. La arquitectura egipcia se enfocaba en glorificar a los dioses y faraones, utilizando materiales locales como piedra. Los edificios tenían formas horizontales y volúmenes masivos. Las mastabas y pirámides servían como tumbas reales y reflejaban un estudio riguroso de la geometría. Los templos servían para rituales religiosos.
The document summarizes Celanese Corporation's 1Q 2008 earnings conference call. It includes details on the speakers, forward-looking statements, non-GAAP reconciliations, and 1Q 2008 financial highlights for each business segment. Celanese reports higher sales driven by price increases and currency effects, though margins were pressured by rising input costs. Affiliate earnings and dividends increased. Celanese affirms 2008 guidance for adjusted EPS of $3.60-$3.85 and operating EBITDA of $1.355-$1.415 billion.
This document provides details on Celanese Corporation's second quarter 2007 earnings conference call, including details on the call participants, forward-looking statements, and reconciliation of non-GAAP measures. It also summarizes key financial highlights and performance details for Celanese's business segments, including increased sales and operating EBITDA compared to the prior year. Equity investments also continued to deliver increased income and cash flow.
This document discusses Celanese Corporation's performance in 2008 and strategies going forward. It contains the following key points:
1. Celanese reported strong financial results for the third quarter and year-to-date 2008, despite challenging market conditions.
2. The company has executed a strategy focused on specialty businesses and divesting non-core assets to create a more resilient portfolio.
3. Going forward, Celanese aims to accelerate growth in specialty businesses like Consumer Specialties and leverage its integrated operations and global positions.
CNO Financial Group reported solid financial and operating results for the fourth quarter of 2011. Their businesses continued to perform well with earnings growth throughout 2011. Sales in the quarter grew 6% over the same period in 2010. The company's financial strength and credit profile also continued to improve, with statutory capital and risk-based capital increasing over 2011. CNO Financial will continue focusing on profitable organic growth by investing in agent recruiting, footprint expansion, and field management development.
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
This document provides a summary of AES Corporation's financial results for the second quarter of 2008. Some key highlights include:
- Increased full year adjusted EPS guidance to $1.16 per share.
- Reported Q2 2008 adjusted EPS of $0.17, including foreign currency losses.
- Began construction on four new power projects totaling 954 MW in three countries.
- Expanded wind platform in China and registered the company's first greenfield methane recovery project in Malaysia.
First Quarter 2012 Investor PresentationCNOServices
CNO Financial Group reported financial and operating results for 1Q12. Earnings continued with operating EPS of $0.15, up from $0.11 in 1Q11. Financial strength improved with the RBC ratio increasing to 360% from 341% in 1Q11. Sales grew 12% over 1Q11 across all three core segments. The outlook remains positive with continued investment in growth across all business segments.
air products & chemicals fy 08 q2 earningsfinance26
- Air Products reported a 40% increase in quarterly EPS to $1.43 per share and a 38% increase in net income to $314 million for its fiscal second quarter.
- Revenues increased 13% to $2.6 billion due to higher volumes in Tonnage Gases and Electronics and Performance Materials as well as higher pricing in Merchant Gases.
- Based on strong first half performance, Air Products raised its full year EPS guidance to a range of $4.95 to $5.05 per share, representing 18-20% annual growth.
GE reported preliminary unaudited results for its 2008 fourth quarter. Revenues were $183 billion, in line with expectations. Continuing earnings per share were $1.78, also meeting expectations. Industrial cash flow from operating activities was $16.7 billion, slightly higher than expected. The results demonstrate that GE executed on its plan and prepared for a difficult 2009. GE is focused on intensifying management processes, increasing cash focus, repositioning its Financial Services business, and lowering costs through $1.5 billion in restructuring and other charges.
Celanese held an Investor Day on December 13, 2006 in New York City. Celanese is a leading global chemical company with estimated 2006 revenue of $6.7 billion and operating EBITDA of $1.2 billion. Between 2000-2006, Celanese focused on strengthening its portfolio by investing in specialty businesses and divesting non-core assets. Celanese aims to continue growing earnings between 2007-2010 by expanding in Asia, growing downstream specialties, and organizational alignment to address growth opportunities.
Principal Financial Group is a 136-year-old Fortune 500 company that provides retirement and investment services, asset management, and insurance solutions. It has $516 billion in assets under management from its divisions, which include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. The company uses non-GAAP measures to evaluate performance alongside GAAP, and provides reconciliations between the two. It operates globally and has over 20 million customers.
cardinal health Q1 2007 Earnings Presentationfinance2
This document summarizes Cardinal Health's first quarter earnings for fiscal year 2007. It provides an overview of Cardinal Health's consolidated and segment financial results for the quarter, including revenue, operating earnings, earnings per share, and other key metrics. It notes growth over the prior year quarter for most measures. The document also outlines Cardinal Health's key value drivers and financial targets for fiscal year 2007, including targets for revenue growth, earnings per share, return on equity, and cash returned to shareholders.
Masonite reported strong third quarter 2015 financial results, with net sales increasing 5.4% and adjusted EBITDA growing 42%. The company has demonstrated six consecutive quarters of adjusted EBITDA growth through strategic focus on pricing, portfolio optimization, and sales and marketing excellence. Recent acquisitions in Europe have transformed Masonite's European business toward customized door solutions and specialized sectors.
Time Warner provided forward-looking statements about future financial performance that are based on current expectations and subject to uncertainty. Actual results may differ materially from projections. More details on risk factors are in SEC filings. Non-GAAP measures are used to discuss historical performance and future expectations, and reconciliations to GAAP measures are available on the company's website. In Q1 2009, revenues declined 7% to $6.9 billion while adjusted EPS declined 6% to $0.45, and free cash flow declined 12% to $1.3 billion. Networks and Filmed Entertainment saw revenue declines while adjusting operating income increased for Networks and declined for Filmed Entertainment.
cardinal health Q3 2007 Earnings Presentationfinance2
This document contains Cardinal Health's third quarter earnings report for fiscal year 2007. It provides an overview of the company's financial results including an 8% increase in revenue and a 10% increase in non-GAAP earnings per share. The report also discusses performance by business segment and outlines the company's financial targets for the full fiscal year, projecting earnings per share between $3.25-$3.40. Key priorities highlighted include driving top-line growth, improving efficiency, and returning capital to shareholders.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
El documento describe la arquitectura egipcia antigua, incluyendo elementos como las mastabas, pirámides y templos. La arquitectura egipcia se enfocaba en glorificar a los dioses y faraones, utilizando materiales locales como piedra. Los edificios tenían formas horizontales y volúmenes masivos. Las mastabas y pirámides servían como tumbas reales y reflejaban un estudio riguroso de la geometría. Los templos servían para rituales religiosos.
The document summarizes Celanese Corporation's 1Q 2008 earnings conference call. It includes details on the speakers, forward-looking statements, non-GAAP reconciliations, and 1Q 2008 financial highlights for each business segment. Celanese reports higher sales driven by price increases and currency effects, though margins were pressured by rising input costs. Affiliate earnings and dividends increased. Celanese affirms 2008 guidance for adjusted EPS of $3.60-$3.85 and operating EBITDA of $1.355-$1.415 billion.
The document summarizes Celanese Corporation's 3Q 2008 earnings conference call. It provides an overview of the company's performance including a 16% increase in net sales driven by higher pricing and volumes. Operating profit increased to $151 million though margins were compressed by higher raw material costs. Adjusted EPS increased 7% to $0.78 per share. All business segments saw sales growth with Advanced Engineered Materials and Industrial Specialties impacted by weaker automotive and industrial end markets respectively. Affiliates continued to deliver value with $54 million in earnings. Strong cash generation resulted in $195 million in adjusted free cash flow.
The document summarizes Celanese's 4Q 2008 earnings conference call. It discusses Celanese's 4Q 2008 financial results including a net loss of $152 million compared to an operating profit in 4Q 2007, and an adjusted EPS of ($0.38) compared to $2.77 in 4Q 2007. It also provides highlights for each of Celanese's business segments and discusses the outlook for 2009 including expected continued volume declines.
The document summarizes Celanese Corporation's 4Q 2007 earnings conference call. It includes highlights such as a 23% increase in 4Q net sales and a 52% increase in adjusted EPS compared to the same period last year. Celanese also provides guidance for 2008, forecasting adjusted EPS between $3.40-$3.70 and operating EBITDA of $1,290-$1,360 million. Segment results are presented for Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. Affiliate contributions and continued strong cash generation are also discussed.
The document summarizes Celanese Corporation's 4Q 2007 earnings conference call. It includes highlights such as a 23% increase in 4Q net sales and a 52% increase in adjusted EPS compared to the same period last year. Celanese also provides guidance for 2008, forecasting adjusted EPS between $3.40-$3.70 and operating EBITDA of $1,290-$1,360 million. Segment results and details on continued strong cash generation are also presented. Key executives Dave Weidman and Steven Sterin will discuss 4Q performance and business outlook further on the earnings call.
The document summarizes Celanese Corporation's 1Q 2006 earnings conference call and webcast scheduled for May 9, 2006. It includes an agenda with the CEO and CFO slated to speak. Financial highlights are provided for Celanese's 1Q 2006 results including net sales growth of 12% and diluted adjusted EPS growth of 16% year-over-year. Guidance for full year 2006 adjusted EPS is given in the range of $2.50 to $2.90 per share. Various non-GAAP financial measures are reconciled to the most comparable GAAP measures.
The document summarizes a shareholder meeting for tronc, Inc. It highlights improvements in the company's balance sheet, core business, and investments in growth areas. Financial metrics like Adjusted EBITDA, net debt, stock price, and net income were up significantly from the previous year. However, the document also includes disclaimers stating that some terms used are non-GAAP measures and the financial data should not be considered as alternatives to GAAP measures of performance.
- Anixter reported record second quarter sales of $2.0 billion, up 2.3% from the prior year, with organic sales growth of 2.6%.
- Network & Security Solutions sales decreased 0.8% organically due to fewer large projects. Electrical & Electronic Solutions sales increased 0.3% organically. Utility Power Solutions sales increased 15.8% organically driven by growth with existing customers.
- Anixter is on track to return to its strategic leverage targets by the end of 2017 through strong cash flow and debt reduction.
This document provides a summary of Anixter Inc.'s financial results for the second quarter of 2018. Key points include:
- Total sales were $2.1 billion, up 6.8% from the prior year, with organic sales growth of 4.9%.
- Net income was $34.8 million, compared to $40.1 million in the prior year. Adjusted EBITDA was $107.8 million, up 4.6% from the prior year.
- Sales growth was seen across all business segments and geographic regions. The Network & Security Solutions segment saw the largest sales increase of 6.5% on a GAAP basis and 4.7% organically.
The document summarizes the agenda and presentations for Celanese Corporation's 2007 Investor Day. The agenda included presentations on Celanese's business segments and strategies for growth, operational excellence, and value creation. Celanese aimed to pursue premier performance and deliver superior value creation through industry-leading growth and a geographically balanced global position across diversified end markets.
This document is an investor presentation for Anixter Inc. providing an overview of the company. It discusses Anixter's business model strengths including leading market positions, strong supplier and customer relationships, and competitive advantages. It also outlines Anixter's financial performance trends, capital allocation priorities, and operating results for the second quarter of 2017. The presentation provides details on Anixter's business segments and growth strategies with goals of achieving $40 million in cumulative synergies by 2018 through integration of recent acquisitions.
This document provides an investor presentation for Anixter Inc. It includes:
- An overview of Anixter's business segments and key metrics for 2016.
- Details on strategic actions taken from 2014-2015 that transformed and strengthened the business through acquisitions and geographic expansion.
- An explanation of Anixter's business model strengths, including leading market positions, diverse suppliers and customers, barriers to entry, and digital marketing capabilities.
- Financial performance trends and targets for synergies and cost savings from acquisitions.
This document provides an investor presentation for Anixter Inc. It includes an overview of Anixter, details on its business model and key strengths, and financial performance. Anixter operates globally across three business segments: Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions. It has a leading market position, strong supplier and customer relationships, and provides technical expertise and customized supply chain solutions. Anixter aims to drive organic growth above market levels and achieve $40 million in annual cost synergies by 2018 through integration of recent acquisitions.
The document provides an overview of Anixter's financial and operating results for 1Q 2017. Key highlights include:
- Record first quarter sales of $1.9 billion, with growth in all three business segments and all three geographic regions. Organic sales increased 5.6% on a per day basis.
- Improved debt-to-capital ratio, returning to target range of 45-50%.
- All three business segments - Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions - experienced sales growth compared to prior year.
- Operating income and adjusted EBITDA increased across most segments and regions, driven by sales growth and expense discipline.
This document is an investor presentation for Anixter Inc. that provides an overview of the company, its business model, financial performance, and operating results. Some key points:
- Anixter is a global distributor of network & security solutions, electrical & electronic solutions, and utility power solutions.
- It has leading market positions, strong supplier and customer relationships, competitive advantages, and is investing in digital marketing capabilities.
- In 2016, Anixter generated $7.6 billion in sales across over 50 countries and 300 cities with over 600,000 stock-keeping units held in its warehouses.
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This document from Celanese Corporation discusses non-GAAP financial measures and forward-looking statements. It provides definitions and explanations for operating EBITDA, adjusted earnings per share, and adjusted free cash flow, which are used by management for planning, budgeting, and evaluating financial results. The document also contains forward-looking guidance on sales and earnings growth through 2010 for various divisions, driven by initiatives in Asia, innovation, and organic growth.
Malibu Boats reported strong financial results for the second quarter of fiscal year 2017. Net sales increased 11.8% year-over-year to $73.2 million due to higher sales of Malibu boats, price increases, and reduced promotions. Gross profit grew 12.2% to $17.8 million and gross margin was steady at 26.3% despite costs associated with new engine integration initiatives. Adjusted EBITDA increased 22% to $13.6 million reflecting continued growth and operating leverage. For the full fiscal year, the company expects unit volume growth in the mid-single digits with further increases in net sales per unit and gross margin.
This document provides an investor presentation for Anixter International. It discusses Anixter's key metrics, business segments, growth opportunities, and financial goals. Anixter aims to capitalize on growth in security, electrical, wireless, and other products. Its global supply chain capabilities and technical expertise provide competitive advantages. Financial targets include organic sales growth of 4-6% and adjusted EBITDA margins of 6.5-7%. The presentation outlines Anixter's value propositions for customers and investors.
Anixter monthly presentation.may and june 2018anixterir
An investor presentation for Anixter summarizes the company's key metrics and strategies. Anixter is a global supplier of network and security, electrical and electronic, and utility power solutions, with leading market positions. It aims to capitalize on growth opportunities through expanding existing businesses, cross-selling, pursuing M&A, and leveraging technical expertise. Financial goals include annual organic sales growth of 4-6% and maintaining strong profitability and returns on capital.
Celanese held a conference call to discuss its fourth quarter 2005 earnings. Key highlights included strong underlying business results driven by higher pricing and demand. The company also provided an outlook for 2006, forecasting adjusted EPS between $2.50-$2.90. Significant contributions continue to come from equity and cost investments, which paid $154 million in dividends for full-year 2005, up from $77 million in 2004. Capitalization was also discussed, with net debt of $3.047 billion as of December 31, 2005.
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1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
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Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
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celanese q2_2008_presentation
1. Celanese 2Q 2008 Earnings
Conference Call / Webcast
Tuesday, July 22, 2008 10:00 a.m. ET
Dave Weidman, Chairman and CEO
Steven Sterin, Senior Vice President and CFO
1
2. Forward Looking Statements, Reconciliation and Use of Non-
GAAP Measures to U.S. GAAP
Forward-Looking Statements
This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing
needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of
such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no
assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-
looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements.
Certain of these risk factors are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company
undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or
circumstances.
Reconciliation of Non-U.S. GAAP Measures to U.S. GAAP
This presentation reflects five performance measures, operating EBITDA, affiliate EBITDA, adjusted earnings per share, net debt and adjusted free cash flow, as non-U.S. GAAP measures. The most directly
comparable financial measure presented in accordance with U.S. GAAP in our consolidated financial statements for operating EBITDA is operating profit; for affiliate EBITDA is equity in net earnings of affiliates; for
adjusted earnings per share is earnings per common share-diluted; for net debt is total debt; and for adjusted free cash flow is cash flow from operations.
Use of Non-U.S. GAAP Financial Information
►Operating EBITDA, a measure used by management to measure performance, is defined as operating profit from continuing operations, plus equity in net earnings from affiliates, other income and depreciation and
amortization, and further adjusted for other charges and adjustments. We provide guidance on operating EBITDA and are unable to reconcile forecasted operating EBITDA to a GAAP financial measure because a
forecast of Other Charges and Adjustments is not practical. Our management believes operating EBITDA is useful to investors because it is one of the primary measures our management uses for its planning and
budgeting processes and to monitor and evaluate financial and operating results. Operating EBITDA is not a recognized term under U.S. GAAP and does not purport to be an alternative to operating profit as a
measure of operating performance or to cash flows from operating activities as a measure of liquidity. Because not all companies use identical calculations, this presentation of operating EBITDA may not be
comparable to other similarly titled measures of other companies. Additionally, operating EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain
cash requirements such as interest payments, tax payments and debt service requirements nor does it represent the amount used in our debt covenants.
►Affiliate EBITDA, a measure used by management to measure performance of its equity investments, is defined as the proportional operating profit plus the proportional depreciation and amortization of its equity
investments. Affiliate EBITDA, including Celanese Proportional Share of affiliate information on Table 8, is not a recognized term under U.S. GAAP and is not meant to be an alternative to operating cash flow of the
equity investments. The company has determined that it does not have sufficient ownership for operating control of these investments to consider their results on a consolidated basis. The company believes that
investors should consider affiliate EBITDA when determining the equity investments’ overall value in the company.
►Adjusted earnings per share is a measure used by management to measure performance. It is defined as net earnings (loss) available to common shareholders plus preferred dividends, adjusted for other charges
and adjustments, and divided by the number of basic common shares, diluted preferred shares, and options valued using the treasury method. We provide guidance on an adjusted earnings per share basis and are
unable to reconcile forecasted adjusted earnings per share to a GAAP financial measure without unreasonable effort because a forecast of Other Items is not practical. We believe that the presentation of this non-
U.S. GAAP measure provides useful information to management and investors regarding various financial and business trends relating to our financial condition and results of operations, and that when U.S. GAAP
information is viewed in conjunction with non-U.S. GAAP information, investors are provided with a more meaningful understanding of our ongoing operating performance. This non-U.S. GAAP information is not
intended to be considered in isolation or as a substitute for U.S. GAAP financial information.
►The tax rate used for adjusted earnings per share is the tax rate based on our initial guidance, less changes in uncertain tax positions. We adjust this tax rate during the year only if there is a substantial change in
our underlying operations; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate may differ significantly from the tax rate used for
U.S. GAAP reporting in any given reporting period. It is not practical to reconcile our prospective adjusted tax rate to the actual U.S. GAAP tax rate in any future period.
►Net debt is defined as total debt less cash and cash equivalents. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding changes to
the company’s capital structure. Our management and credit analysts use net debt to evaluate the company's capital structure and assess credit quality. This non-U.S. GAAP information is not intended to be
considered in isolation or as a substitute for U.S. GAAP financial information
►Adjusted free cash flow is defined as cash flow from operations less capital expenditures, other productive asset purchases, operating cash from discontinued operations and certain other charges and adjustments.
We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding changes to the company’s cash flow. Our management and credit analysts use
adjusted free cash flow to evaluate the company’s liquidity and assess credit quality. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial
information.
Results Unaudited
The results presented in this presentation, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management.
Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year.
2
3. Dave Weidman
Chairman and Chief Executive Officer
3
4. Celanese Corporation 2Q 2008 Highlights
2nd Qtr 2008 2nd Qtr 2007
in millions (except EPS)
Net Sales $1,556
$1,868
Operating Profit $71
$207
Adjusted EPS $0.85
$1.20
Operating EBITDA $328
$406
> Higher pricing on continued strong demand, increased volumes driven by Asia
expansion and positive currency impacts drove record sales for the quarter
> Advantaged feedstock positions helped to mitigate significantly higher raw
material and energy costs
4
5. Clear Path to 2010 Growth Objectives
Operating EBITDA Growth Objectives
Advanced Engineered Materials
AEM: volume growth > 2X GDP
400
►
Consumer and Industrial Specialties
through further penetration
Acetyl Intermediates
CIS: Acetate continues
►
execution on revitalization
$ in millions
strategy; Emulsions/PVOH
200
revitalization commences
AI: Nanjing acetic acid plant
►
startup leads integrated complex
0
2007 2008 2009 2010
$350 – $400 million increased EBITDA profile plus EPS potential by 2010
5
7. Celanese Corporation Financial Highlights
> Net sales increased 20% from prior
2nd Qtr 2nd Qtr
year
2008 2007
in millions (except EPS) > Higher pricing on strong demand
> Growth in Asia
Net Sales $1,556
$1,868
> Favorable currency impacts
Operating Profit $71
$207 > Operating profit more than doubled
to $207 versus the prior year which
Net Earnings ($117)
$134 included expenses related to a
long-term management
Special Items
compensation program and
impacts of the Clear Lake outage
Other Charges/Adjustments $24 $117
> Adjusted EPS up 41% to
$1.20/share
Adjusted EPS $0.85
$1.20
> Diluted share basis reflects share
repurchase programs
Effective Tax Rate 26% 28%
> 2.9 million shares repurchased for
Diluted Share Basis 167.8 174.6 ~$126 million under current
authorization
Operating EBITDA $328
$406
> Operating EBITDA increased 24%
to $406
7
8. Advanced Engineered Materials
in millions 2nd Qtr 2008 2nd Qtr 2007
Net Sales $257
$300 up 17%
Operating EBITDA $70
$68 down 3%
Second Quarter 2008:
► Net sales increase driven by volume growth (8%) and positive
currency effects (9%)
► Growth in China and non-automotive applications more than offset
impacts of challenging U.S. automotive market
► Higher raw material and energy costs continue to pressure margins
► Operating EBITDA decrease primarily due to lower earnings from
equity affiliates
8
9. Consumer Specialties
in millions 2nd Qtr 2008 2nd Qtr 2007
Net Sales $281
$292 up 4%
Operating EBITDA $104
$107 up 3%
Second Quarter 2008:
► Net sales increase primarily driven by improved pricing on global
demand and favorable currency impacts
► Higher pricing offset by significantly higher raw material and energy
costs
► Operating EBITDA improvement driven by higher dividends from
expanded China acetate ventures
9
10. Industrial Specialties
in millions 2nd Qtr 2008 2nd Qtr 2007
Net Sales $355
$386 up 9%
Operating EBITDA $34
$37 up 9%
Second Quarter 2008:
► Increase in net sales primarily driven by favorable pricing and foreign
currency effects
► Volumes pressured by declines in certain North American and
European markets
► Operating EBITDA improvement mainly due to higher sales offsetting
raw material cost pressures
10
11. Acetyl Intermediates
2nd Qtr 2008 2nd Qtr 2007
in millions
Net Sales $829
$1,067 up 29%
Operating EBITDA $148
$227 up 53%
Second Quarter 2008:
► Record sales for the quarter attributable to higher pricing on
strong global demand, increased volumes from Nanjing and
favorable currency impacts
► Volume and pricing strength more than offset high input costs
versus the prior year which included impacts from the Clear Lake
outage
► Increased dividends from Ibn Sina also contributed to improved
Operating EBITDA
11
12. Affiliates Continue to Deliver Value
Total affiliate earnings impact improved 28% to $92 million versus prior year
►
Increased dividends from Ibn Sina methanol and MTBE cost affiliate more than offset
►
performance of AEM affiliates currently pressured by high raw material and energy costs
Cash from affiliates increased with higher dividends from both Ibn Sina and the China
►
ventures
Income Statement Cash Flow
150
150
$ millions
$ millions
100 103
100
103
64
64
75
50 49 50 75
49 55
41 40
27
23 17 12
10
0
0
2Q 2007 2Q 2008 YTD 2007 YTD 2008 2Q 2007 2Q 2008 YTD 2007 YTD 2008
Dividends - Cost Investments Dividends - Cost Investments
Earnings - Equity Investments Dividends - Equity Investments
12
13. Continued Strong Cash Generation
Adjusted Free Cash Flow
YTD 2008 YTD 2007
in millions
Net cash provided by operating activities $79
$346
Adjustments to operating cash for discontinued operations $101
($5)
Net cash provided by operating activities from continuing operations $180
$341
Less: VAT related to Kelsterbach relocation activities -
$59
Capital expenditures $116
$136
Add: Other charges and adjustments1 $52
$54
Adjusted Free Cash Flow $200 $116
Factors contributing to strong cash generation during 2008:
► Strong operating performance
► Increased dividends from cost affiliates
► Lower cash taxes
► Growth from strategic investments in Asia
YTD2008 adjusted free cash flow excludes all cash impacts related to the Kelsterbach relocation
13 Amounts primarily associated with certain other charges and the cash outflows for purchases of other productive assets that are classified as ‘investing activities’ for U.S. GAAP purposes.
1
14. 2008 Business Outlook
Volume growth at 2x GDP for full year – decreasing
►
auto builds in second half of 2008
Advanced
► Continued high energy and raw material costs
Engineered
expected to pressure margins
Materials
2008 Guidance:
► Continued progress with Asia strategy
Adjusted EPS
Strong underlying industry fundamentals
►
Consumer
$3.60 to $3.85
► Rising energy costs
Specialties
Operating EBITDA
High raw material costs continue
►
Industrial
$1,355 to $1,415 million
► Housing and construction softness
Specialties
Forecasted 2008
Strong underlying industry fundamentals
►
adjusted tax rate of
► Acetic acid prices expected to adjust only
Acetyl
modestly in second half of 2008 26%
Intermediates
► High raw material and energy costs continue
14
16. 2Q 2008 Other Charges and Other Adjustments
by Segment
$ in millions AEM CS IS AI Other Total
Employee termination - - 1 2 1 4
benefits
Plant/office closures - - - - - -
Ticona Kelsterbach relocation 3 - - - - 3
Total other charges 3 - 1 2 1 7
Business optimization - - 1 - 8 9
Ticona Kelsterbach relocation (2) - - - - (2)
Plant closures - - 1 6 - 7
Ethylene pipeline exit costs - - - (2) - (2)
Other - - - 6 (1) 5
Total other adjustments (2) - 2 10 7 17
Total other charges and 1 - 3 12 8 24
other adjustments
16
17. Reg G: Reconciliation of Adjusted EPS
Adjusted Earnings (Loss) Per Share - Reconciliation of a Non-U.S. GAAP Measure
Three Months Ended Six Months Ended
June 30, June 30,
2008 2007 2008 2007
(in $ millions, except per share data)
Earnings (loss) from continuing operations
(168) 3
before tax and minority interests 247 465
Non-GAAP Adjustments:
1
Other charges and other adjustments 117 135
24 46
256 254
Refinancing costs - -
Adjusted Earnings (loss) from continuing operations
205 392
before tax and minority interests 271 511
2
Income tax (provision) benefit on adjusted earnings (57) (110)
(70) (133)
-
Minority interests 0
1 1
Adjusted Earnings (loss) from continuing operations 202 148 379 282
Preferred dividends (3) (5)
(2) (5)
Adjusted net earnings (loss) available to common shareholders 200 145 374 277
Add back: Preferred dividends 3 5
2 5
Adjusted net earnings (loss) for adjusted EPS 202 148 379 282
Diluted shares (millions)
Weighted average shares outstanding 156.9 158.1
150.9 151.4
12.0
Assumed conversion of Preferred Shares 12.0 12.1
12.1
0.2
Assumed conversion of Restricted Stock 0.5 0.6
0.8
5.2 4.2
Assumed conversion of stock options 3.4
4.1
Total diluted shares 174.6 174.5
167.8 167.6
Adjusted EPS $ 1.20 $ 0.85 2.26 1.62
1
See Table 7 for details
2
The adjusted tax rate for the three months ended June 30, 2008 is 26% based on the forecasted adjusted tax rate for 2008.
17
18. Reg G: Reconciliation of Net Debt
Net Debt - Reconciliation of a Non-U.S. GAAP Measure
June 30, December 31,
2008 2007
(in $ millions)
Short-term borrowings and current
installments of long-term debt - third party and affiliates 272
252
Long-term debt 3,284
3,371
Total debt 3,623 3,556
Less: Cash and cash equivalents 825
983
Net Debt 2,640 2,731
18
19. Reg G: Other Charges and Other Adjustments
Reconciliation of Other Charges and Other Adjustments
Other Charges:
Three Months Ended Six Months Ended
June 30, June 30,
(in $ millions) 2008 2007 2008 2007
Employee termination benefits 25 25
4 11
-
Plant/office closures - 7
-
74
Long-term compensation triggered by Exit Event 74 -
-
3
Asset impairments 3 -
-
Ticona Kelsterbach plant relocation 3 3
3 5
-
Other 1
-
-
Total 7 105 23 106
Other Adjustments: 1
Three Months Ended Six Months Ended Income
June 30, June 30, Statement
(in $ millions) Classification
2008 2007 2008 2007
1 Ethylene pipeline exit costs - 10 Other income/expense, net
(2) (2)
2 Business optimization 3 5 SG&A
9 18
3 Foreign exchange loss related to refinancing transaction 9 9 Other income/expense, net
- -
4 Ticona Kelsterbach plant relocation - - Cost of Sales
(2) (4)
6 Plant closures - - Cost of Sales
7 7
5 Other - 5 Various
5 4
17 12 23 29
Total
24 117 46 135
Total other charges and other adjustments
1
These items are included in net earnings but not included in other charges.
19
20. 20
Segment Data and Reconciliation of Operating Profit (Loss) to Operating EBITDA -
a Non-U.S. GAAP Measure
Three Months Ended Six Months Ended
June 30, June 30,
(in $ millions) 2008 2007 2008 2007
Net Sales
300 594
Advanced Engineered Materials 257 519
292 574
Consumer Specialties 281 550
386 751
Industrial Specialties 355 701
1,067 2,163
Acetyl Intermediates 829 1,668
1
Other Activities 1 1
- 1
(178) (369)
Intersegment eliminations (166) (328)
Total 1,868 1,556 3,714 3,111
Operating Profit (Loss)
37 67
Advanced Engineered Materials 32 68
46 96
Consumer Specialties 48 96
20 37
Industrial Specialties (1) 11
148 325
Acetyl Intermediates 91 223
1
Other Activities (44) (84)
(99) (121)
Total 207 71 441 277
Equity Earnings, Cost - Dividend Income and Other Income Expense
11 20
Advanced Engineered Materials 16 30
48 48
Consumer Specialties 35 35
- -
Industrial Specialties - -
33 62
Acetyl Intermediates 18 23
1
Other Activities 1 5
(2) 2
Total 93 67 135 90
Other Charges and Other Adjustments 2
1 2
Advanced Engineered Materials 5 5
- 1
Consumer Specialties 8 9
3 8
Industrial Specialties 19 19
12 20
Acetyl Intermediates 13 26
1
Other Activities 8 15
72 76
Total 24 117 46 135
Depreciation and Amortization Expense
19 39
Advanced Engineered Materials 17 34
13 27
Consumer Specialties 13 24
14 28
Industrial Specialties 16 30
34 66
Acetyl Intermediates 26 50
1
Other Activities 1 3
5
2
Total 82 73 165 141
Reg G: Reconciliation of Operating EBITDA
Operating EBITDA
68 128
Advanced Engineered Materials 70 137
107 172
Consumer Specialties 104 164
37 73
Industrial Specialties 34 60
227 473
Acetyl Intermediates 148 322
1
Other Activities (33) (59)
(28) (40)
Total 406 328 787 643
1
Other Activities primarily includes corporate selling, general and administrative expenses and the results from captive insurance companies.
2
Excludes adjustments to minority interest, net interest, taxes, depreciation, amortization and discontinued operations (See Table 7).
21. Reg G: Equity Affiliate Preliminary Results and
Celanese Proportional Share - Unaudited
4
Equity Affiliate Preliminary Results - Celanese Proportional Share - Unaudited
Equity Affiliate Preliminary Results - Total - Unaudited
Three Months Ended Six Months Ended
Three Months Ended Six Months Ended
(in $ millions) June 30, June 30,
(in $ millions) June 30, June 30, 2008 2007 2008 2007
2008 2007 2008 2007 Net Sales
Net Sales Ticona Affiliates 145 287
167 330
Ticona Affiliates1 Infraserv 133 253
312 619 158 334
364 719
Total
Infraserv2 325 278 664 540
411 753
592 1,140
Total 956 723 1,859 1,372 Operating Profit
Ticona Affiliates 24 45
19 34
Operating Profit Infraserv 9 14
8 14
Ticona Affiliates 49 93
41 74 Total 27 33 48 59
Infraserv 25 42
29 48
Depreciation and Amortization
Total 70 74 122 135 Ticona Affiliates 6 12
7 17
Infraserv 7 14
8 17
Depreciation and Amortization
Total 15 13 34 26
Ticona Affiliates 13 27
16 38
3
Affiliate EBITDA
Infraserv 21 40
29 56
Ticona Affiliates 30 57
26 51
Total 45 34 94 67
Infraserv 16 27
16 31
Total
Affiliate EBITDA3 42 46 82 84
Ticona Affiliates 62 120
57 112 Equity in net earnings of affiliates (as reported on the Income Statement)
Ticona Affiliates 15 29
Infraserv 46 82 10 19
58 104
Infraserv 8 12
7 8
Total 115 108 216 202
Total 17 23 27 41
Net Income 5
Affiliate EBITDA in excess of Equity in net earnings of affiliates
Ticona Affiliates 30 60
22 41
Ticona Affiliates 15 28
16 32
Infraserv 27 40
27 65
Infraserv 8 15
9 23
Total 49 57 106 100
Total 25 23 55 43
Net Debt Net Debt
Ticona Affiliates 164 164 Ticona Affiliates 75 75
179 179 83 83
Infraserv 17 17
Infraserv 47 47 87 87
356 356
Total 170 92 170 92
Total 535 211 535 211
1
Ticona Affiliates includes PolyPlastics (45% ownership), Korean Engineering Plastics (50%) and Fortron Industries(50%)
2
Infraserv includes Infraserv Entities valued as equity investments (Infraserv Höchst Group - 31% ownership, Infraserv Gendorf - 39% and Infraserv Knapsack 27%)
3
Affiliate EBITDA is the sum of Operating Profit and Depreciation and Amortization, a non-U.S. GAAP measure
4
Calculated as the product of figures from the above table times Celanese ownership percentage
21 5
Product of Celanese proportion of Affiliate EBITDA less Equity in net earnings of affiliates; not included in Celanese operating EBITDA